News Orders & Deals RailTel Secures ₹1,136.18 Crore Contract from Maharashtra Government in Consortium with Ashoka BuildconRailTel Secures ₹1,136.18 Crore Contract from Maharashtra Government in Consortium with Ashoka Buildcon
RailTel Corporation of India, in consortium with Ashoka Buildcon Limited, has received a Letter of Intent from the Government of Maharashtra for a five-year contract. The expected financial impact of this contract is approximately ₹1,136.18 crores, representing a significant business win for the telecommunications infrastructure company.
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RailTel Corporation of India has secured a major contract from the Government of Maharashtra, marking a significant business development for the state-owned telecommunications infrastructure company. The company received a Letter of Intent (LOI) for a five-year contract period, working in partnership with Ashoka Buildcon Limited.
Contract Details
The consortium arrangement between RailTel and Ashoka Buildcon has successfully secured this substantial government contract. The partnership combines RailTel's telecommunications expertise with Ashoka Buildcon's infrastructure capabilities.
| Parameter: | Details |
|---|---|
| Contract Duration: | Five years |
| Financial Impact: | Approximately ₹1,136.18 crores |
| Partner Company: | Ashoka Buildcon Limited |
| Contracting Authority: | Government of Maharashtra |
Financial Impact
The expected financial impact for RailTel over the five-year contract period is approximately ₹1,136.18 crores. This represents a significant revenue opportunity for the company and demonstrates its ability to secure large-scale government contracts through strategic partnerships.
Strategic Partnership
The consortium approach with Ashoka Buildcon Limited enables RailTel to leverage complementary strengths and capabilities. This partnership structure has proven successful in securing this major government contract from Maharashtra state.
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